Not Exactly "no news" -
Check this out people - CAGI - this am: from MarketLine
(stocktalk- 281-531-1884)
This week we are breaking ground and doing something new for
the New
Year. We are issuing our, first ever, strong buy rating.
Strong Buy: Carnegie International (CAGI) 4 5/8 bid, 4 23/32 ask,
traded
on the OTC Bulletin Board. When we first began to look at CAGI,
it was
trading somewhere around $0.45 per share and had a daily volume
of between
35K - 70K shares per day. Now, after a slew of recent press
announcements,
the price and volume are up considerably. We have profiled this
stock many
times, and yet, have never issued a buy rating on it until now. Why
now?
Here's the answer.
immediate future (we feel mid-Feb should see this high volume
stock listed).
2) We feel earnings are going to be up several hundred percent
over last
year. (We are expecting somewhere between $0.16 - $0.21. We
also expect
3) ROMNET acquisition places this company in the big league.
(ROMNET
provides Internet services, web hosting, and tech support for
companies like
Yahoo. In addition to Web page building and ISP packages,
ROMNET also
provides hardware and software solutions. While this stock has
"never" been
lumped in with other Internet stocks, we believe that time is
coming to an
wise, than the Internet companies themselves, and those stocks
have not hit
Wall Streets radar yet.)
4) Acquisitions: We believe strongly that there are several on the
horizon. This company went from $8M in net assets in 1/98 to over
$24M in
net assets by the year end. We see CAGI well over $100M in net
assets
before the end of the 2Q99.
5) Trading volume: This is one of the highest daily volume stocks
on the
OTC Bulletin Board. Liquidity is the key here, you "must" have it
to
succeed.
6) People like this stock, while we never post in chat rooms or
bulletin
boards, we certainly monitor what goes on there, looking for
investor
opinions and general feed back on how a CEO is doing. On a one
to ten
rating, CAGI and management get an 8 (our opinion). These guys
are some of
the best we have seen.
7) This a little company that wants to be bigger. Any time you
strive
to be more than you are, you are going to stand out. Congratulations
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